Regulators to Identify Further ‘Systematically Important’ Financial Institutions

09/01/2014

Regulators are looking to complement their existing ‘too big too fail’ financial organizations with those from the non-bank, non-insurance sector.

China Eyes New Privately Financed Banks

07/01/2014

Up to five private banks will be created in China this year as it aims to open up the financial sector and raise competition in the industry. The banks will be allowed to operate on a trial basis under the supervision of Chinese banking authorities.

HK Consultation on Establishing Resolution Regime for Financial Institutions

07/01/2014

Hong Kong Government and regulators have launched the first stage of a public consultation on establishing an effective resolution regime for financial institutions, including financial market infrastructures.

SWIFT Creates KYC Registry and Financial Crime Compliance Unit

07/01/2014

SWIFT announces the creation of a Know Your Customer (KYC) Registry for the collection and distribution of standard information required by banks as part of their due diligence process.

CCIL Selected to Issue LEIs in India

07/01/2014

The Reserve Bank of India has selected the Clearing Corporation of India Ltd. (CCIL) to act as a Local Operating Unit (LOU) for issuing globally compatible Legal Entity Identifiers (LEIs) in India.

Securities / Derivatives

Indonesia Transfers Banking Regulatory Duties to OJK

03/01/2014

Bank Indonesia (BI) transfers banking regulatory and supervisory functions to Financial Service Authority (OJK).

MAS Issues Response on Consultation Papers

02/01/2014

The Monetary Authority of Singapore (MAS) has issued their response to the feedback on MAS Notice 637 and Covered Bonds Issuance by Singapore Banks.

RBI Grants Qualified Counterparty Status to CCIL

02/01/2014

The Reserve Bank of India (RBI) has granted Qualified Central Counterparty (QCCP) status to the Clearing Corporation of India (CCIL). […]

US Regulator Authorises SGX for Derivatives Clearing

30/12/2013

The Commodity Futures Trading Commission (CFTC) has approved the Singapore Exchange (SGX) as a Derivatives Clearing Organization (DCO), making it the first of its kind in Asia.